Full Tilt’s in trouble

In a shock move the Alderney Gaming Commission have suspended Full Tilt’s gaming license preventing players from logging on

There is a shockwave running through the online poker industry as Full Tilt Poker has ceased operating, at least temporarily. The Casino regulators for Full Tilt Poker who are based in the Channel Islands have suspended the world’s second largest poker site’s gaming license due to accusations made against various executives at the firm of money laundering and fraud. This goes back to the April 14th crackdown in the United States against several websites who were offering services to American players contrary to US law.
The crackdown that has come to be call Black Friday saw US authorities freeze the accounts and the domains of Full Tilt Poker, Poker Stars and Absolute Poker. While the companies quickly came to an arrangement with the US law enforcement they did promise to refund all of their American players’ money as soon as their accounts were unfrozen. While Poker Stars has issued a full refund, Full Tilt has yet to do so.
This has led to various big name poker players coming out in condemnation of the poker giant. The most notable of these is their own sponsored player Phil Ivey, not only did he publicly attack the poker site but he also boycotted the 2011 World Series of Poker (WSOP) as well as threaten to take the company to court. In what has become an increasingly vitriolic spat between player and site the poker world has watched on as more players join Ivey in condemning the poker monolith. Daniel Negreanu in particular came out in support of Ivey calling Full Tilt Poker “low class”.
It should be remembered that Full Tilt’s license has not been removed but temporarily suspended pending a hearing before the Alderney Gaming Control Commission. The commission have said in a statement by executive director Andre Wilsenach that "The decision to suspend the eGambling license was in the public interest and, because of the seriousness and urgency of the matter, it required that immediate action be taken ahead of the regulatory hearing."
At present players cannot play at Full Tilt Poker and their services aren’t accessible. One site that won’t be complaining is the largest poker site online, Poker Stars, who are likely to see their own traffic rise dramatically as players defect to them in droves at exactly the time when they need it the most.